---
title: "New: Auto-send statements & statement interest"
description: "October brings a wave of new features to Paidnice, tailored to streamline your accounts receivable process. From automated customer statements and interest calculations to flexible due dates and weekday-only grace periods, discover how our latest updates make managing your invoicing easier than ever."
url: https://www.paidnice.com/blog/auto-send-statements-calculate-statement-interest
---

# New: Auto-send statements & statement interest

By Denym Bird

Co-founder & CEO of Paidnice

Published Oct 25, 2023 · 1 min read

We've rolled out some exciting features at Paidnice in this month that many of you have asked for, and we have listened:

### 📑 **Auto-send customer statements**

**‍**[Automate and send customer statements weekly or monthly](https://www.paidnice.com/automated-customer-statements). Includes summary of all outstanding invoices, age of debt.

Send only to customers with an outstanding or overdue balance. [Learn more about how it works here.](https://www.paidnice.com/get-started)

![Auto Send Statements Calculate Statement Interest screenshot 1](https://www.paidnice.com/assets/wf/6539159d1b04007005d3186b_auto-statement.avif)

‍

### ⬇️ **Download PDF statements**

In the Contacts tab, you can now view and download customer statements of outstanding balances.

‍

### 💰 **Generate statement/account interest**

**‍**[Automatically calculate interest charges](https://www.paidnice.com/late-fees) per month/week against all overdue invoices, sending this direct to your customer. [Learn more about how it works here.](https://www.paidnice.com/get-started)

Statement interest is available on **every plan**.

![Auto Send Statements Calculate Statement Interest screenshot 2](https://www.paidnice.com/assets/wf/6539159dff122b5ab78b65ed_image.avif)

### 📅 **Change** **late fee invoice due date**

**‍**When issuing a late fee as a new invoice, you can now opt for the due date to be the date of the late fee, instead of the original invoice's due date.

![Auto Send Statements Calculate Statement Interest screenshot 3](https://www.paidnice.com/assets/wf/6539159d11ff7ae4437ce83f_Screenshot-2023-10-25-at-9.11.41-AM.avif)

‍

### ⏰ **Grace period - exclude weekends**

**‍**Add an option on your grace periods to only count weekdays.

![Auto Send Statements Calculate Statement Interest screenshot 4](https://www.paidnice.com/assets/wf/6539159d1b04007005d3188b_grace-period.avif)

‍

### ⚙️ **Group auto-assign**

**‍**Automatically have Xero group contacts added into Paidnice groups when they are updated.

![Auto Send Statements Calculate Statement Interest screenshot 5](https://www.paidnice.com/assets/wf/6539159d1376dafc64ce5af0_Screenshot-2023-10-25-at-9.09.01-AM.avif)

‍

### 👥 **Additional contact imports**

**‍**Additional people inside of your Xero contacts are now imported and included in your communication.

--

That's it from us in October 🫡 as always, if you need anything from our team, [reach out to us here](https://www.paidnice.com/contact), or [book in a call with us here](https://www.paidnice.com/book-a-demo).

### What is Paidnice?

Paidnice is the friendly, and [powerful accounts receivable automation](https://www.paidnice.com/) solution for small to medium sized businesses. Encourage timely payments, automate your invoicing process, and foster positive customer relationships – all while improving your cash flow.

## Paidnice features in this article

- [**Customer statements** Sends branded customer statements on your schedule, with one button to pay.](https://www.paidnice.com/automated-customer-statements)
- [**Late fees and interest** Adds late fees and interest to overdue invoices when you turn them on.](https://www.paidnice.com/late-fees)

## About the editorial team

Written by Denym Bird Co-founder & CEO of Paidnice

Denym started Paidnice in 2022 after customers paying late left his own business short on payroll. He has led it to $1 billion collected on time across more than 1 million invoices, and writes about credit control, late fees and getting paid on Xero and QuickBooks.

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